Shardul Kulkarni of Angel Broking told CNBC-TV18, "The chart structure of IDFC is in a very strong lower top, lower bottom cycle and going forward significant downside still exists in IDFC. So, we would recommend selling IDFC September Futures contract with a stoploss on the upside at Rs 101 for a potential target or the first target of around Rs 80 over the next 8-10 trading sessions."
The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 48.96 percent below its 52-week high and 24.07 percent above its 52-week low. Market capitalisation stands at Rs 14,335.01 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
